by JD Gardner | Mar 7, 2023 | Market Updates
Correlations and Carry This month’s note is a run-on from last month’s, where we highlighted the rise of the “set it and forget it” portfolio over the last couple of decades, and the potential issues we see with that mentality. These portfolios are...
by JD Gardner | Feb 6, 2023 | Market Updates
Think Different – Be Different Day in and day out, our time is spent in the trenches with financial advisors and their end clients. Some are new relationships; some we’ve had the privilege to work with for years. We aim to be a valuable relationship and extend...
by JD Gardner | Jan 4, 2023 | Market Updates
Markets Have Changed Discounting is the mathematical practice of estimating what a cash flow in the future is worth TODAY. Higher rates used in discounting lead to lower values today, while lower rates used in discounting lead to higher values today. Given...
by JD Gardner | Dec 6, 2022 | Market Updates
A quick reminder, the formula for generating investment returns looks like this: Return = Yield + Growth +/- Valuation Change Here’s the graphic showing each of the 3 potential drivers of return, broken out with annualized return of each component, by...
by JD Gardner | Nov 3, 2022 | Market Updates
4% yields look attractive. Are they? Rate Environment We are writing this on 11/2/2022 as markets await the 1pm CST FOMC (Federal Open Market Committee) statement followed by Chairman Powell’s press conference. Another 75bps hike seems to be a given. ...
